As we stated earlier, our car wash business was originally founded
using a combination of personal loans and credit card debt, but
ever since those early days the founder of our business has
attempted to keep long term debt to a minimum.
Long term debt for our car wash business has been kept to a
minimum through a prudent combination of financial management,
cost management and the aggressive repayment of long term debt.
Today the only long term debt our car wash company retains is that
which was borrowed at exceptionally favorable rates. We have
retained this long term debt in order to better invest our profits
in the future success of our company going forward.
We feel that it is the aggressive reinvestment of current profits
that have helped our company to grow and prosper so much in a
highly competitive marketplace.
We recognize the power of growth and innovation in the car wash
business, and we have continually attempted to provide our
customers with the newest, best and most efficient service.
As we continue to grow our business, we plan to acquire more
property while keeping our long term debt levels as low as
Fortunately, the profits we have been able to achieve have allowed
us to build up substantial levels of cash reserves, and these cash
reserves have in turn allowed us to acquire property at excellent
prices and excellent borrowing terms.